The Hong Kong-based fixed income specialist has twelve months to launch an onshore China fund.
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The Hong Kong-based fixed income specialist has twelve months to launch an onshore China fund.
The fund, run in partnership with American Century Investments, will be guided by UN sustainable development goals.
After the coronavirus spread is under control, the firm believes China’s focus will turn to increasing investment in sanitation and waste treatment.
Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF had a month of outflows while southbound funds had inflows.
Although general sentiment is pessimistic, JP Morgan Asset Management is awaiting approval to sell two funds to retail investors.
The New York-based quant fund manager is ready for its first onshore fund through the private fund management (PFM) channel.
The Guangzhou-based asset manager is ready to provide its second fund for Hong Kong’s retail investors.
Separately, JP Morgan AM brought a hedge fund with ESG factors to the region.
It’s little surprise that Apac markets are negative for the year, but UBS Wealth Management stands by the forecast of double-digit company earnings growth.
A combined unit will address “the entire spectrum of private wealth, from retail clients to ultra high net worth”.
Part of the Mark Allen Group.